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BML Disaster Relief Loan

BML has taken an extra step forward to provide assistance to the victims of natural disasters. BML Disaster Relief loan is a concessional loan designed to provide financial assistance to cover the structural damages of their personal dwellings.

This loan aid is a joint initiative with the National Disaster Management Center (NDMC).

Disaster Relief Loan 2

Key Features

  • Lower interest rate: 10 % p.a (base rate)
  • Equity Contribution: 40 % ( provided by NDMC)
  • Long Term Repayment Period: up to 15 years
  • Maximum Loan Amount: MVR 510,000
  • Security Cover: 120 % of the property to be rebuilt

Eligibility Criteria

  • Maldivians aged between 18 to 60 years
  • Borrower should be land owner
  • Residents living in the house at the time of natural disaster strike
  • Official document from the NDMC stating the equity portion provided

Quick Links

BML Disaster Relief Loan Application Form

BML Disaster Relief Loan Brochure

Personal Information Form

General Terms and Conditions for Credit Facilities (Dhi / Eng)